Vermiculture in Egypt: - FAO - Regional Office for the Near East and
Vermiculture in Egypt: - FAO - Regional Office for the Near East and
Vermiculture in Egypt: - FAO - Regional Office for the Near East and
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<strong>in</strong>cremental greenhouse gas emissions reductions equivalent to those that would have<br />
been made <strong>in</strong> Annex I countries, or play a role <strong>in</strong> <strong>the</strong> ultimate objective of stabiliz<strong>in</strong>g<br />
atmospheric greenhouse gas concentrations.<br />
CERs generated by CDM projects that are used by Annex 1 countries to meet <strong>the</strong>ir<br />
Kyoto targets allow emissions <strong>in</strong> <strong>the</strong>se countries to rise. There<strong>for</strong>e if CERs are<br />
awarded to activities that would happen without <strong>the</strong> CDM project, i.e. <strong>for</strong> reductions<br />
that would occur anyway, Annex 1 emissions are allowed to rise without a<br />
correspond<strong>in</strong>g cut elsewhere, <strong>the</strong>reby rais<strong>in</strong>g global emissions. The only w<strong>in</strong>ners are<br />
<strong>the</strong> buyers of cheap credits, because host countries do not receive new <strong>in</strong>vestment <strong>and</strong><br />
climate change is not be<strong>in</strong>g mitigated.<br />
CDM projects assist develop<strong>in</strong>g countries to achieve susta<strong>in</strong>able development.<br />
Industrialized countries have developed domestic policies to comply with <strong>the</strong> Kyoto<br />
Protocol. This has led to a grow<strong>in</strong>g dem<strong>and</strong> <strong>for</strong> carbon credits. Develop<strong>in</strong>g countries<br />
may supply such carbon credits. While many factors <strong>in</strong>fluence <strong>the</strong> size <strong>and</strong> stability of<br />
<strong>the</strong> global market, facts <strong>in</strong>dicate that this market would move billions of dollars a<br />
year, <strong>in</strong>creas<strong>in</strong>g <strong>for</strong>eign <strong>in</strong>vestment capital flow <strong>in</strong> develop<strong>in</strong>g countries.<br />
Accord<strong>in</strong>g to <strong>the</strong> Kyoto Protocol, <strong>in</strong>vestments <strong>in</strong> various sectors of non-Annex I<br />
countries may qualify <strong>for</strong> CDM credits <strong>in</strong> 1) energy fuel combustion: energy<br />
<strong>in</strong>dustries; manufactur<strong>in</strong>g <strong>in</strong>dustries <strong>and</strong> construction; transport; o<strong>the</strong>r sectors; 2)<br />
Fugitive emissions from fuels: solid fuels; oil <strong>and</strong> natural gas; 3) <strong>in</strong>dustrial processes:<br />
m<strong>in</strong>eral products; chemical <strong>in</strong>dustry; metal production; o<strong>the</strong>r production; production<br />
<strong>and</strong> consumption of halocarbons <strong>and</strong> sulphur hexaflouride; 4) solvent; 5) agriculture:<br />
enteric fermentation; manure management; rice cultivation; agricultural soils;<br />
prescribed burn<strong>in</strong>g of savannas; filed burn<strong>in</strong>g of agricultural residues; 6) solid waste<br />
disposal on l<strong>and</strong>; wastewater h<strong>and</strong>l<strong>in</strong>g; waste <strong>in</strong>c<strong>in</strong>eration; 7) l<strong>and</strong>-use, l<strong>and</strong>-use<br />
change, <strong>and</strong> <strong>for</strong>estry: af<strong>for</strong>estation; re<strong>for</strong>estation; avoided de<strong>for</strong>estation <strong>for</strong> <strong>the</strong>rmal<br />
energy <strong>in</strong> small-scale projects.<br />
8.2. Clean Development Mechanism (CDM) achievements <strong>in</strong> <strong>Egypt</strong><br />
Clean Development Mechanism is one of Kyoto Protocol three mechanisms which<br />
<strong>in</strong>clude Jo<strong>in</strong>t Implementation <strong>and</strong> Emissions Trad<strong>in</strong>g. The aim from apply<strong>in</strong>g CDM is<br />
<strong>the</strong> implementation of projects reduc<strong>in</strong>g greenhouse gas emissions from different<br />
sectors such as <strong>in</strong>dustry, waste recycl<strong>in</strong>g, transport, switch<strong>in</strong>g to usage of natural gas<br />
as a fuel, <strong>and</strong> af<strong>for</strong>estation to absorb greenhouse gas. These projects contribute to<br />
achiev<strong>in</strong>g susta<strong>in</strong>able development goals, create job opportunities, produce additional<br />
f<strong>in</strong>ancial return from sell<strong>in</strong>g carbon reduction certificates as a result.<br />
Dur<strong>in</strong>g 2007, NCCC held 6 meet<strong>in</strong>gs (3 <strong>for</strong> <strong>the</strong> <strong>Egypt</strong>ian Bureau <strong>for</strong> CDM (EB-CDM)<br />
<strong>and</strong> <strong>the</strong> <strong>Egypt</strong>ian Council <strong>for</strong> CDM (EC-CDM)). Seventeen CDM projects have been<br />
approved <strong>and</strong> Letters of No-Objection (LoN) have been issued (first phase of project<br />
approval). Such projects <strong>in</strong>clude:<br />
1. Abatement of nitrous oxide from <strong>the</strong> acid factory, Delta Fertilizers <strong>and</strong> Chemical<br />
Industries.<br />
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